Belarus: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in Belarus

The Belarusian metal castor mounting market expanded notably to $X in 2022, growing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.1% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Castor Mounting Exports

Exports from Belarus

For the third consecutive year, Belarus recorded decline in shipments abroad of castors with mountings of base metal, which decreased by -66.9% to X tons in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 2,273% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, metal castor mounting exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,355%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for metal castor mounting exports from Belarus, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +14.8%.

In value terms, Russia ($X) also remains the key foreign market for castors with mountings of base metal exports from Belarus.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +13.0%.

Export Prices by Country

The average metal castor mounting export price stood at $X per ton in 2022, growing by 62% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -1.6% per year.

Metal Castor Mounting Imports

Imports into Belarus

In 2022, overseas purchases of castors with mountings of base metal decreased by -10.6% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2016 when imports increased by 79%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, metal castor mounting imports expanded modestly to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 51%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal castor mounting supplier to Belarus, with a 75% share of total imports. Moreover, metal castor mounting imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold. The third position in this ranking was held by Poland (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+13.4% per year) and Poland (-2.9% per year).

In value terms, China ($X) constituted the largest supplier of castors with mountings of base metal to Belarus, comprising 54% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by Russia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.0% per year) and Russia (+14.4% per year).

Import Prices by Country

In 2022, the average metal castor mounting import price amounted to $X per ton, growing by 14% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 74% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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